In this study, thin sheets of a 22% Cr ferritic steel, Sandvik Sanergy HT has been coated with a thin metallic cobalt film. Samples of the coated steel sheet were exposed to two different forming experiments simulating different aspects of sheet metal forming and post high temperature oxidation. The results show that the metallic cobalt film cracks when the steel sheet is subjected to biaxial straining but that the cracks heal at high temperature. Material subjected to modified scratch testing i.e. simulating the contact between sheet metal and forming tool will oxidize in the same manner as non-scratched material. Also, from high temperature corrosion point of view there is no difference between materials formed under lubricated or dry conditions when oxidized. However, from a tribological point of view a lubricated contact situation is preferred.